As of February 2015, Capital Bank of Maryland offers a secured Visa credit card called OpenSky. The Capital Banks found in Florida, North Carolina, South Carolina and Tennessee make up a separate entity that does not issue credit cards.
The OpenSky Visa is a secured card, meaning that the customer has to put down a security deposit in order to open the account. The security deposit is equal to the amount of the initial credit line. These cards are intended for borrowers who have no credit, or are looking to rebuild their credit and have trouble getting approved for standard cards. The OpenSky card does not require a credit check. Payment information is reported to the three major credit bureaus every month, and a positive payment history can help cardholders build credit.
The possible starting credit limit ranges from $200 to $3,000. The customer is required to put down a security deposit equal to the credit limit.
Capital Bank does not offer an unsecured Visa card and does not return the security deposit until the account is closed. The deposit is generally returned in four to six weeks after any outstanding balance has been paid in full. The security deposit does not earn interest.